DFX Intelligence
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Borrower
L•••• B••••••••• I••
Drug Discovery & Developmentgroup grade Aoff every schedule since Sep 30, 2024sponsor unattributed
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
101¢ · 101¢ · 100¢ · 101¢ · 100¢Q3 2023 to Q3 2024
Principal held
at least $3.0M
sum of BDC pieces, a lower bound
Fair value
$3.3M
100c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
0 equity pieces beside them
Next maturity
Jul 1, 2025
$3.0M inside 24 months
On the tape since
Dec 31, 2022
latest Sep 30, 2024
Events
1
dated, non-routine
Lender marks
each lender's own fair value over cost at Sep 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| H••••••• C••••••• I••• | $3.01M | 100¢ | -1 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| H••••••• C••••••• I••• | term loan first lien S••••• S••••••, M••••••• D••• J••• 2025, P•••• + 6.10%, F•••• rate 9.35%, 4.95% E••• Fee | $3.0M | $3.3M 100c | S+610 bp |
Capital structure as the BDCs see it
latest quarter end Sep 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2024 | at least $3.0M | 100c | S+610 bp | Jul 1, 2025 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2024 | 1 | $3.0M | $3.3M | 100c | 0 |
| Jun 30, 2024 | 1 | $3.8M | $4.2M | 101c | 0 |
| Mar 31, 2024 | 1 | $4.6M | $4.9M | 100c | 0 |
| Dec 31, 2023 | 1 | $10.8M | $11.4M | 101c | 0 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Sep 30, 2023 | 1 | $6.1M | $6.4M | 101c | 0 |
| Jun 30, 2023 | 1 | $6.9M | $7.0M | 100c | 0 |
| Mar 31, 2023 | 1 | $7.5M | $7.7M | 100c | 0 |
| Dec 31, 2022 | 1 | $8.0M | $8.1M | 100c | 0 |
What changed
- Facility left every BDC scheduleSep 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- L•••• B•••••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Drug Discovery & Developmentreportedas one filer wrote it